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Market Talk / May 6th - 12th
- Thread starter Spaf
- Start date
vectorman
Active member
Re: Market Talk / May 6th - May 12th
I'm feeling the pain. Went out this morning to pick up a few things. Eggs $1.50/dz, off brand milk 3.50/gal, off brand bacon 3.50/16oz...name brand bacon over $5, I passed on it. Little better on gas here in NE TN compared to other places...$2.89/gal. Signs of consumers being more selective in spenting...I took family to Red Lobster for special dinner on a saturday night. Noticed on menu that prices have gone up quite abit and the place was only about a quarter full at 7:30 in the evening. Good food, but will not be returning because of prices. My wife and I have good income, combined, + +$100,000, we save, low debt and invest, good spenting habits...if we're feeling the pain, I would think those with lower incomes are really feeling the pressure.
I'm feeling the pain. Went out this morning to pick up a few things. Eggs $1.50/dz, off brand milk 3.50/gal, off brand bacon 3.50/16oz...name brand bacon over $5, I passed on it. Little better on gas here in NE TN compared to other places...$2.89/gal. Signs of consumers being more selective in spenting...I took family to Red Lobster for special dinner on a saturday night. Noticed on menu that prices have gone up quite abit and the place was only about a quarter full at 7:30 in the evening. Good food, but will not be returning because of prices. My wife and I have good income, combined, + +$100,000, we save, low debt and invest, good spenting habits...if we're feeling the pain, I would think those with lower incomes are really feeling the pressure.
Last edited:
vectorman
Active member
Re: Market Talk / May 6th - May 12th
We clip coupons also. The point was that on a saturady night, a resturant that is normally full ( even with the coupon clipping tight wads), was barely full and it wasn't because of poor food or service.
We clip coupons also. The point was that on a saturady night, a resturant that is normally full ( even with the coupon clipping tight wads), was barely full and it wasn't because of poor food or service.
Show-me
Well-known member
Re: Market Talk / May 6th - May 12th
Looks like the Retail Sales was priced in yesterday and with the Core PPI coming in soft the S&P is back above 1500.
Dang, those guys that bought I fund yesterday are going to cash in and those that held are going to get it back and then some!
Looks like the Retail Sales was priced in yesterday and with the Core PPI coming in soft the S&P is back above 1500.
Dang, those guys that bought I fund yesterday are going to cash in and those that held are going to get it back and then some!
Show-me
Well-known member
Re: Market Talk / May 6th - May 12th
Or like Paladin said, could be a dead cat bounce. The thing that worries me is the CPI on Tuesday. If consumer prices keep rising they will slow their spending and we are 70% consumer driven. Also the gasoline problem will not get better. More drivers every year and no new refineries, so you have the same supply as demand continues upward.
Or like Paladin said, could be a dead cat bounce. The thing that worries me is the CPI on Tuesday. If consumer prices keep rising they will slow their spending and we are 70% consumer driven. Also the gasoline problem will not get better. More drivers every year and no new refineries, so you have the same supply as demand continues upward.
weatherweenie
Well-known member
Re: Market Talk / May 6th - May 12th
Keep rallying into the close!
Keep rallying into the close!
Spaf
Honorary Hall of Fame Member
Re: Market Talk / May 6th - May 12th
Here's somthing worth a try!
2-Longneck beers.
Rib-eye sandwiches
(low cholesterol)
For 2
Two thin cut lean ribeyes (trim any fat).
Two hamburger buns,
Condiments:
..diced lettuce, tomato, pickle and onion.
..mayo
Marinade steaks in worchestershire, A-1, and Mrs Dash Grilling Blend for 30 min.
Throw steaks on grill, cook to your liking, but add buns last few minutes.
Serve and eat.
Variation: grill the onions.
Here's somthing worth a try!
2-Longneck beers.
Rib-eye sandwiches
(low cholesterol)
For 2
Two thin cut lean ribeyes (trim any fat).
Two hamburger buns,
Condiments:
..diced lettuce, tomato, pickle and onion.
..mayo
Marinade steaks in worchestershire, A-1, and Mrs Dash Grilling Blend for 30 min.
Throw steaks on grill, cook to your liking, but add buns last few minutes.
Serve and eat.
Variation: grill the onions.
weatherweenie
Well-known member
Re: Market Talk / May 6th - May 12th
Hope you're right, but I'm not counting on getting it all back today.
Hope you're right, but I'm not counting on getting it all back today.
weatherweenie
Well-known member
Re: Market Talk / May 6th - May 12th
Notice the small caps are outperforming the sp500. Will be something to keep an eye on next week.
Notice the small caps are outperforming the sp500. Will be something to keep an eye on next week.
Show-me
Well-known member
Re: Market Talk / May 6th - May 12th
After looking at it again your probably right unless they give the I fund a +FV, which I doubt.
After looking at it again your probably right unless they give the I fund a +FV, which I doubt.
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